About Lightnet
Lightnet is a company based in Huai Khwang (Thailand) founded in 2018 by Tom Sudchai and Chatchaval Jiaravanon.. Lightnet has raised $81.2 million across 3 funding rounds from investors including HashKey Exchange, Seven Bank and Uni-President. Lightnet offers products and services including Global Payment Solution, Digital Wallet, and Multi-Currencies Account. Lightnet operates in a competitive market with competitors including TerraPay, Rapyd, Kadmos, TransferTo and Streami, among others.
- Headquarter Huai Khwang, Thailand
- Founders Tom Sudchai, Chatchaval Jiaravanon
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Lightnet (Thailand) Company Limited
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Annual Revenue
$840.57 K (USD)0as on Dec 31, 2020
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Net Profit
$-1.44 M (USD)0as on Dec 31, 2020
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EBITDA
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Total Equity Funding
$81.2 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
HashKey Exchange
& 9 more
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Employee Count
Employee Count
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Products & Services of Lightnet
Lightnet offers a comprehensive portfolio of products and services, including Global Payment Solution, Digital Wallet, and Multi-Currencies Account. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables transfers between cards, wallets, and bank accounts globally.
Facilitates cross-border remittances and virtual bank accounts securely.
Manages exchange rates via intuitive dashboard for international transactions.
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Funding Insights of Lightnet
Lightnet has successfully raised a total of $81.2M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(10 Jan 2020)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series B - Lightnet | Valuation | Raffles |
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| Aug, 2022 | Amount | Series B - Lightnet | Valuation | LDA |
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| Jan, 2020 | Amount | Series A - Lightnet | Valuation | Seven Bank , Hanwha |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lightnet
Lightnet has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include HashKey Exchange, Seven Bank and Uni-President. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Alternative investment solutions are offered to high-growth businesses globally.
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Founded Year | Domain | Location | |
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Limited information is provided about UOB Venture Management.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lightnet
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Lightnet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lightnet Comparisons
Competitors of Lightnet
Lightnet operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TerraPay, Rapyd, Kadmos, TransferTo and Streami, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border money transfers are enabled by omnichannel payment solutions.
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| domain | founded_year | HQ Location |
Global payment solutions are provided by Rapyd to businesses worldwide.
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| domain | founded_year | HQ Location |
Cross-border payroll solutions are provided for global migrant workers.
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| domain | founded_year | HQ Location |
International airtime remittances are facilitated via global mobile networks.
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| domain | founded_year | HQ Location |
A cryptocurrency exchange is facilitated via blockchain and financial partnerships.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lightnet
Frequently Asked Questions about Lightnet
When was Lightnet founded?
Lightnet was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Lightnet located?
Lightnet is headquartered in Huai Khwang, Thailand. It is registered at Huai Khwang, Bangkok, Thailand.
Who is the current CEO of Lightnet?
Tom Sudchai is the current CEO of Lightnet. They have also founded this company.
Is Lightnet a funded company?
Lightnet is a funded company, having raised a total of $81.2M across 3 funding rounds to date. The company's 1st funding round was a Series A of $31.2M, raised on Jan 10, 2020.
What is the annual revenue of Lightnet?
Annual revenue of Lightnet is $840.57K as on Dec 31, 2020.
What does Lightnet do?
Lightnet was founded in 2018 and is headquartered in Huai Khwang, Thailand. Decentralized blockchain solutions are offered by the company for cross-border remittances, primarily through cryptocurrencies and the Velo protocol. Underbanked populations are targeted with these services, enabling efficient transactions in the fintech sector. Operations focus on secure, low-cost transfers across international borders.
Who are the top competitors of Lightnet?
What products or services does Lightnet offer?
Lightnet offers Global Payment Solution, Digital Wallet, and Multi-Currencies Account.
Who are Lightnet's investors?
Lightnet has 10 investors. Key investors include HashKey Exchange, Seven Bank, Uni-President, Hanwha, and Raffles.
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